Downtown Development Authority

Created in 1981, the Downtown Development Authority uses tax increment financing to stimulate redevelopment in the central business district. The Authority focuses on projects that have benefit for the entire community. It uses its financial resources to directly leverage private investment.

Typically the DDA will partner with a developer, business owner, or property owner in a manner that “induces” a private investment in real estate improvements. The DDA’s participation in such public-private partnerships ranges from a few thousand dollars to investments in excess of $5 million.